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Is Nifty 50 bull run coming to an end? 10 risk factors to look out for
The Benchmark Indices concluded Monday's trading session positively, with the Sensex rising by 611.9 points, or 0.75 percent, ending the day at 81,698.11. Meanwhile, the Nifty 50 index increased by 187.45 points, equivalent to a gain of 0.76 percent, and closed in the green at 25,010.6. Over the previous five trading sessions, the Nifty 50 [...]
4 Stocks that announced buyback at premium of up to 22%
Share buyback is the practice where companies decide to purchase their own share from their existing shareholders either through a tender offer or through an open market. In such a situation, the price of concerning shares is higher than the prevailing market price. Companies buy back shares to increase shareholder value by reducing the number [...]
IT stock jumps 15% after it launches Kisan Drones for agricultural innovation
The shares of this microcap company surged around 15 percent in Monday’s trading session after launching Kisan Drones for agricultural innovation. In one year, the stock has delivered more than a 25 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 97.3 crores, the shares of Ram Info Ltd started Monday’s [...]
Tata group stock in focus after company to see investment of $470 Million
This Tata Group stock engaged in apparel, footwear, accessories, groceries, and many more reached its 52-week high after being included in the Nifty50 index. Share Price Variation In Monday's trading session, Trent Limited's share price reached a 52-week high of Rs.7,090, marking a 2 percent increase from its previous close of Rs.6,950.05. The stock has [...]
Semiconductor stock under ₹ 100 jumps after receiving order from northern railway
Semiconductor stock engaged in the business of design, development & manufacturing of Video Displays, high-end Electronic, and telecommunication equipment, and many more in focus upon receiving a new work order worth Rs. 2.55 Crores from Northern Railway Zone. Price Action With a market capitalization of Rs. 1,888 Crores, the shares of MIC Electronics Limited were [...]
Stock hits 5% upper circuit after Motilal Oswal Mutual Fund bought 1.17% stake
The shares of this smallcap company hit 5 percent upper circuit of Rs 1,149.40 apiece after Motilal Oswal Mutual Fund bought 4,10000 equity shares in the company. V2 Retail Ltd has a market capitalization of Rs 3,976 crore, the shares were trading at Rs 1,149.40 per share, increasing around 5 percent as compared to the [...]
Bank stock jumps 4% after SBI Mutual Fund to acquire 9.99% stake in the company
Shares of a private sector bank engaged in providing a wide range of banking and financial services surged 4.3 percent on BSE to Rs. 231.65 on Monday, after the RBI allowed SBI Mutual Fund to acquire up to 9.99 percent stake in the bank. With a market cap of Rs. 17,919.08 crores, at 01:02 p.m., [...]
Vijay Kedia stock hits 5% upper circuit after announcing acquisition of US cybersecurity firm
The shares of this microcap company locked a 5 percent upper circuit in Monday’s trading session after announcing the acquisition of an American cybersecurity firm. Price Movement: With a market capitalization of Rs. 852 crores, the shares of TAC Infosec Ltd started Monday’s trading session on a higher note at Rs. 812.55, clocking a 5 [...]
2 Stocks jump up to 6% after FII buys up to 7 Lakh shares in the companies
Listed below are some of the stocks that soared upto 6 percent in the day’s trade after Foreign Institutional Investor Legends Global Opportunities (Singapore) PTE. LTD picks stake in them through bulk/block deals. Hinduja Global Solutions Hinduja Global Solutions Limited is engaged in the business process management (BPM). It offers voice and non-voice-based services such [...]
Green energy stock jumps after receiving LoA from Adani group for power project
The shares of the leading renewable energy company gained up to 2 percent after the company’s subsidiary received a letter of award for a 250 MW wind power project from Adani Electricity Mumbai Ltd. With a market capitalization of Rs 1.23 lakh crore, the shares of JSW Energy Ltd were trading at Rs 705.90 per [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
TCS achieves all 18 Microsoft Gold competencies
New Delhi, Dec 28 (PTI) IT major Tata Consultancy Services (TCS) on Tuesday said it has achieved all the 18 Microsoft Gold Competencies, demonstrating the breadth and depth of its expertise on Microsoft Technologies.Microsoft Competencies ensure that partners are prepared to meet customers' needs and have demonstrated robust capabilities within a Microsoft solution area, TCS [...]
Business highlights
New Delhi, Dec 28 (PTI) Following are the top business stories at 2020 hours: DEL71 BIZ-LD SEBI Sebi to tighten norms for IPO proceeds utilisation; amend various other regulations Mumbai: Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed [...]
Need to improve women participation in GDP, labour codes implementation soon: Labour secy
New Delhi, Dec 28 (PTI) Labour Secretary Sunil Barthwal on Tuesday stressed the need to improve women participation and also assured the implementation of labour codes soon. "Sunil Barthwal, secretary (labour and employment), Ministry of Labour & Employment, Govt of India today (on Tuesday) emphasised that the government has tried to make the new labour [...]
Govt launches project to upskill Nagaland artisans
New Delhi, Dec 28 (PTI) The government on Tuesday launched a pilot project to upskill over 4,000 cane and bamboo artisans from Nagaland under the Recognition of Prior Learning component of the Pradhan Mantri Kaushal Vikas Yojana."The objective of this initiative is to upskill the local weavers and artisans to enhance their productivity through RPL [...]
FM to hold pre-Budget consultations with state finance ministers on Thu
New Delhi, Dec 28 (PTI) Finance Minister Nirmala Sitharaman will hold a meeting with finance ministers of states on Thursday as part of customary pre-Budget consultations with various stakeholders. According to sources, the meeting on December 30 would be held at Vigyan Bhawan here. This is going to be a physical meeting unlike others held [...]
Multiplex operators urge Delhi govt to allow cinema halls with riders
New Delhi, Dec 28 (PTI) Multiplex operators have urged the Delhi government to reconsider its decision and allow them to operate cinema halls with certain riders such as the requirement of double vaccination to enter halls and restricting seating capacity to 50 per cent. According to the Multiplex Association of India (MAI), the Delhi government's [...]
Aurobindo Pharma to produce generic Molnupiravir at its domestic manufacturing facilities
New Delhi, Dec 28 (PTI) Aurobindo Pharma on Tuesday said it will produce generic version of the antiviral drug Molnupiravir at its domestic manufacturing facilities which have been approved by global agencies like the USFDA and UKMHRA. Molnupiravir is used in the treatment of COVID-19. The Hyderabad-based drug maker said it would sell the product [...]
ARECA-COCONUT-PRICES
Mangaluru, Dec 28 (PTI) Following are today's Areca and Coconut prices. Areca (per QTL) Old Supari : Rs 49000 to Rs 53000 model Rs 51500 New Supari : Rs 38000 to Rs 45000 model Rs 43000 Koka : Rs 35000 to Rs 40000 model Rs 37500 Coconut [per thousand]: 1st qlty : Rs 20000 to [...]
4,071 banking fraud cases involving Rs 36,342 cr reported during H1 FY2022: RBI report
Mumbai, Dec 28 (PTI) During the first half of the financial year 2021-22, the reported number of fraud cases in various banking operations increased to 4,071 as against 3,499 in the year-ago period, the RBI's Report on Trend and Progress of Banking in India 2020-21 showed. However, the amount involved in frauds in various banking [...]
Bullion rates
Bengaluru, Dec 28 (PTI): Closing bullion rates: Standard gold [99.5 purity] Rs 49,780 per 10 gram; ornamental gold Rs 4,642 per gram; Silverspot [.999 fineness] Rs 64,100 per kg. PTI DVR NVG NVG
Sebi to strengthen MF norms; winding up of schemes only after majority unitholders’ consent
Mumbai, Dec 28 (PTI) In a move to further safeguard the interest of mutual fund investors, Sebi on Tuesday decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme.As part of amending the mutual fund regulations, the watchdog will make it [...]
PFRDA to soon allow NPS subscribers to change investment pattern 4 times in a year
New Delhi, Dec 28 (PTI) Pension fund regulator PFRDA will soon allow the subscribers of the NPS scheme to change the investment pattern as many as four times during a financial year as there has been a demand to increase the limit, its Chairman said on Tuesday. Currently, the subscribers under the NPS scheme are [...]
Govt notifies new rules for direct selling industry
New Delhi, Dec 28 (PTI) The Centre on Tuesday banned direct selling companies from promoting pyramid and money circulation schemes as it notified new rules for the direct selling industry. The entities have to ensure compliance with the rules within 90 days. The direct selling companies will also be liable for the grievances arising out [...]
Sun Pharma to set up new manufacturing plant in Andhra Pradesh
New Delhi, Dec 28 (PTI) Drug major Sun Pharmaceutical Industries on Tuesday said it is planning to set up a new manufacturing facility in Andhra Pradesh.The Mumbai-based drug maker's founder Dilip Shanghvi and his team met Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to discuss the progress of the pharmaceutical sector and the [...]
Sebi to tighten norms for IPO proceeds utilisation; amend various other regulations
Mumbai, Dec 28 (PTI) Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings.The board of Sebi, which met on Tuesday, also gave its nod for amending [...]
NEWSALERT
Direct selling entities to be liable for grievances arising out of sale of goods by its direct sellers: New rules. PTI LUX RAM
NEWSALERT
State govts to set up mechanism to monitor activities of direct sellers, direct selling entities: New rules. PTI LUX RAM
NEWSALERT
Govt bans direct selling firms and direct sellers from promoting money circulation schemes. PTI LUX RAM
Natco Pharma plans to launch Molnupiravir capsules this week for treatment of COVID-19
New Delhi, Dec 28 (PTI) Natco Pharma on Tuesday said it plans to launch its version of antiviral drug Molnupiravir capsules for the treatment of COVID-19 this week. The company has received approval for Molnupiravir capsules (200 mg), which would be sold under brand name Molnunat in the country, the drug firm said in a [...]
Dalmia Bharat subsidiary DCBL deploys e-trucks
Mumbai, Dec 28 (PTI) Dalmia Bharat subsidiary DCBL on Tuesday said it has launched an e-truck initiative with the deployment of two of the 22 proposed high capacity electric trucks in the fleet and the remaining would be inducted within this fiscal. Additionally, the company has commissioned two charging stations at its Rajgangpur Unit in [...]
NEWSALERT
Govt notifies rules for direct selling industry; entities need to ensure compliance with new norms in 90 days. PTI LUX RAM
Business briefs
*slice plans to hire 800 people in 2022 Mumbai, Dec 28 (PTI) Fintech start-up slice on Tuesday said it will hire close to 800 people next year in line with its expansion plans.Around 40 per cent of the new hires will be onboarded into the firm's engineering, product and operations teams."We are constantly looking for [...]
Sebi decides changes to preferential allotment norms on pricing, lock-in requirement
New Delhi, Dec 28 (PTI) Markets regulator Sebi on Tuesday decided to relax pricing norms and lock-in requirements to make it easier for companies to raise funds through preferential allotment of shares.In addition, the regulator has decided to allow pledging of shares allotted to promoter or promoter group under preferential issue during the lock-in period, [...]
Zypp Electric expects 5-fold jump in turnover to Rs 25 cr during current fiscal
Mumbai, Dec 28 (PTI) Zypp Electric, which operates in the last-mile delivery space, is expecting its turnover to jump five-fold to Rs 25 crore during this fiscal while it plans to deploy one lakh electric vehicles in 2022, the company said on Tuesday. Currently, the company works with top grocery, medicines, food, and e-commerce players [...]
NEWSALERT
We would love to see Intel, TSMC, Samsung, other semiconductor tech majors invest in India: MoS IT Rajeev Chandrasekhar to PTI. PTI MBI MR MR
MetaMap raises Rs 530 cr from Tribe Capital, others
Mumbai, Dec 28 (PTI) Data marketplace start-up MetaMap (formerly Mati) on Tuesday said it has raised Rs 530 crore in Series B funding led by Tribe Capital. Craft Ventures, Alameda Research (FTX), Titan Capital and angel investors including Jerry Murdock, founder of Insight Partners, also participated in the funding round. The new capital brings the [...]
Cooperative banks to build on resilience, leverage financial position to expand footprint: RBI
Mumbai, Dec 28 (PTI) With turnaround in economic activity, cooperative banks are likely to build on their resilience and leverage on recent financial improvements to increases their reach going ahead, the Reserve bank of India said in its report. The cooperative banking segment—both urban and rural—remained robust throughout the COVID-19 stress, the Report on Trend [...]
Sebi board tightens rules for utlisation of IPO proceeds
New Delhi, Dec 28 (PTI) Markets regulator Sebi on Tuesday decided to put a cap on IPO proceeds earmarked for making future acquisition of unspecified targets and will bring under monitoring the funds reserved for general corporate purposes. The regulator has prescribed certain conditions for selling shares in an Offer-for-Sale (OFS) under IPO by significant [...]
NBFC sector expected to remain buoyant: RBI report
Mumbai, Dec 28 (PTI) Non-banking financial companies (NBFCs) are expected to remain buoyant going ahead, helped by the revival in the economy and increased pace of vaccinations, the Reserve Bank of India (RBI) said in its Report on Trend and Progress of Banking in India 2020-21. The pandemic has tested the resilience of NBFCs, but [...]
Strides Pharma Science to soon launch generic Molnupiravir for COVID patients
New Delhi, Dec 28 (PTI) Strides Pharma Science Ltd on Tuesday said it will immediately launch its generic Molnupiravir, indicated for high-risk adult patients with COVID-19, in India under the brand Stripiravir.The company has received Emergency Use Authorisation from the Drugs Controller General of India (DCGI) to launch Molnupiravir 200mg, an oral medication for COVID-19, [...]
Dr Reddy’s Laboratories to introduce Molnupiravir to treat COVID-19 shortly
New Delhi, Dec 28 (PTI) Dr Reddy's Laboratories on Tuesday said it will soon introduce antiviral drug Molnupiravir capsules (200mg) for the treatment of adult patients with COVID-19 across the country. The Hyderabad-based firm said it will introduce the drug under the brand name Molflu in India. The company has received emergency-use authorisation from the [...]
FMCG distributors may extend non-cooperation deadline as talks with companies in progress
New Delhi, Dec 28 (PTI) Distributors of fast-moving consumer goods (FMCG), ranging from biscuits to shampoos, are likely to delay the January 1 deadline they set to stop working with the consumer goods companies as talks over their demand for similar margins as given to organised distribution platforms continue, officials said. The All India Consumer [...]
AIFs: Sebi to introduce special situation funds for investments in stressed assets
Mumbai, Dec 28 (PTI) Sebi on Tuesday said Special Situation Funds (SSFs) that will invest only in stressed assets will be introduced and such funds will have a minimum corpus of Rs 100 crore. The decision, taken at the regulator's board meeting, assumes significance against the backdrop of continuing efforts to address the issue of [...]
Rupee logs 9th straight gains, spurts 30 paise to hit 1-month high against US dollar
Mumbai, Dec 28 (PTI) Rising for the ninth straight session, the rupee surged 30 paise to close at a one-month high of 74.70 against the US dollar on Tuesday, tracking positive domestic equities and a weak greenback in the overseas market.However, Omicron worries and firm crude oil prices restricted the appreciation bias of the local [...]
RBI for carefully crafted strategy to deal with challenges in financial sector
Mumbai, Dec 28 (PTI) The Indian financial sector will need a carefully crafted strategy to deal with the future challenges relating to climate change and technological innovations, in addition to the fallout of the COVID-19 pandemic, the Reserve Bank said on Tuesday. In its 'Report on Trend and Progress of Banking in India 2020-21', the [...]
Pharma players to launch anti-Covid pill Molnupiravir shortly after DCGI approval
New Delhi, Dec 28 (PTI) Homegrown pharma majors Sun Pharma, Cipla, Hetero and Torrent on Tuesday announced plans to market their versions of antiviral drug Molnupiravir to treat high-risk adult patients with COVID-19 across India shortly. The companies have received approvals from the Drugs Controller General of India (DCGI) to manufacture and market their versions [...]
Sebi to strengthen MF norms; winding up of schemes only after majority unitholders’ consent
Mumbai, Dec 28 (PTI) In a move aimed to further safeguard the interest of mutual fund investors, Sebi on Tuesday decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme. As part of amending the mutual fund regulations, the watchdog will [...]
Telangana can become emerging leader in oil palm production: Union agri min
New Delhi, Dec 28 (PTI) Union Agriculture Minister Narendra Singh Tomar on Tuesday lauded efforts made by the Telangana government in the promotion of oil palm cultivation and said the southern state can become an emerging leader in palm oil production. Telangana has notified 26 districts for oil palm cultivation and set a target of [...]
SJM demands withdrawal of permissions given to Amazon, Flipkart-Walmart to operate in India
New Delhi, Dec 28 (PTI) The RSS-affiliated Swadeshi Jagran Manch (SJM) has demanded that the government should immediately withdraw the permissions given to e-commerce giants Amazon and Flipkart-Walmart to operate in India as these firms are "blatantly contravening rules".In a resolution passed at its national conclave recently, the outfit also said a CBI probe should [...]
Chitkara University Alumnus Awarded DAAD Prize 2021
Chandigarh, India (NewsVoir) Shipra Dureja, alumnus of Chitkara University, was awarded the DAAD Award 2021 for excellence in academics. The prize is awarded by the German Academic Exchange Service (DAAD) annually by the University of Magdeburg, Germany, to foreign students. Since 1997, the DAAD Prize has been awarded to a student from the University of [...]
PRICES MUM GENERAL
MUMBAI, DEC 28 (PTI) CLOSING RATES SILVER SPOT (IN RS PER KILO) : 62225.00 STANDARD GOLD (99.5) : 48125.00 PURE GOLD (99.9) : 48318.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62,350.00 RS. PER KG.SILVER RDY.(PORTION) : 62,450.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48,900.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46,400.00 RS. [...]
Skippi Ice Pops Gets 10 Million INR Investment from Shark Tank India
Hyderabad based FMCG start-up creates history becoming the 1st brand on Shark Tank India to receive an ALL SHARK DEAL Hyderabad, Telangana, India (NewsVoir) Skippi Ice Pops - India’s 01st Ice Popsicle brand received funding of a whopping 10 million INR for 15% equity in the 1st edition of Shark Tank India aired on Sony [...]
Miners body urges govt not to impose anti-dumping duty on caustic soda
New Delhi, Dec 28 (PTI) The Federation of Indian Mineral Industries (FIMI) has requested the government not to impose any anti-dumping duty on imports of caustic soda from four countries, including Japan and Oman, pointing out that any such restriction will hamper the economic viability of domestic aluminium industry. Aluminium industry is one of the [...]
Primaeam Solutions inaugurates additive manufacturing centre in Chennai
Chennai, Dec 28 (PTI): Primaeam Solutions Pvt Ltd, an additive parts manufacturing service company, has inaugurated its first additive (3D printing) manufacturing customer experience centre here at an investment of Rs 20 crore, the company said on Tuesday. The innovation and incubation centre for healthcare would further give physical shape to the design through the [...]
Aster Medcity, Kochi Launches Aster Heart Rhythm Centre
A fully equipped and comprehensive centre for the treatment of Heart rhythm disorders Kochi, Kerala, India (NewsVoir) After successfully completing one of the first leadless pacemaker procedures in the country and being one of the first centres to perform the Cryoablation procedure, Aster Medcity has launched the Aster Heart Rhythm Centre to cater to treatments [...]
Sebi to rationalise settlement proceeding norms
Mumbai, Dec 28 (PTI) The time period for filing settlement applications by entities will be 60 days from the date of receipt of the show-cause notice or a supplementary notice, whichever is earlier, according to Sebi.The decision, taken at the board meeting of Sebi on Tuesday, is aimed at rationalising norms on settlement proceedings.In this [...]
TN CM Stalin hikes DA for govt employees to 31 per cent, announces ‘Pongal’ cash gift
Chennai, Dec 28 (PTI) Tamil Nadu Chief Minister M K Stalin on Tuesday ordered a 14 per cent increase in Dearness Allowance for government employees, teachers, pensioners and family pensioners with effect from January 1, 2022. Also, Stalin ordered harvest festival, 'Pongal' gift of Rs 3,000 for C and D category employees, Rs 1,000 for [...]
Hetero gets DCGI nod to manufacture, market Molnupiravir capsules
New Delhi, Dec 28 (PTI) Hyderabad-based pharmaceuticals firm Hetero on Tuesday said it has received permission from the Drug Controller General of India (DCGI) for manufacturing and marketing Molnupiravir capsules of 200 mg strength that is used to treat high-risk COVID-19 adult patients. The company will market the capsule under the brand Movfor. It will [...]
Banks need to strengthen corporate governance, says RBI report
The RBI on Tuesday said that the banking sector needs to strengthen corporate governance and risk management practicesIt emphasised that it will endeavour to ensure a safe, sound and competitive financial system through its regulatory and supervisory initiatives.The apex bank also stressed that concerted strategies for timely capital infusion need to be carried forward by [...]
Supriya Lifescience shares zoom over 42 pc in debut trade
New Delhi, Dec 28 (PTI) Shares of Supriya Lifescience Ltd on Tuesday listed at a premium of over 55 per cent against its issue price of Rs 274 and settled with over 42 per cent gains. The stock was listed at Rs 425, reflecting a jump of 55.10 per cent against the issue price on [...]
China says Musk’s SpaceX satellites came close to its space station twice, endangering astronauts
Beijing, Dec 28 (PTI) China on Tuesday alleged that US billionaire Elon Musk-owned SpaceX’s satellites had two “close encounters” with its space station in orbit, and has complained to the UN about the incidents which endangered the safety of the Chinese astronauts. Chinese Foreign Ministry spokesman Zhao Lijian, addressing a media briefing here, said that [...]
Cipla to launch Molnupiravir under Cipmolnu brand name for COVID-19 treatment
New Delhi, Dec 28 (PTI) Drug major Cipla on Tuesday said it plans to launch antiviral drug Molnupiravir for the treatment of adult patients with COVID-19, who have high risk of progression of the disease including hospitalisation or death, under the brand name Cipmolnu. The Mumbai-based firm said it plans to soon make Cipmolnu 200mg [...]
Sensex, Nifty race to over 1-week high amid global stock rally
Mumbai, Dec 28 (PTI) Key stock indices Sensex and Nifty rallied for the second day in a row on Tuesday to close at more than one-week high levels as energy, IT, pharma and banking stocks advanced amid gains in global stocks. The 30-share BSE Sensex surged by 477.24 points or 0.83 per cent to close [...]
NEWSALERT
Sebi caps amount a majority investor can sell in share sale. PTI BEN SP BAL BAL
NEWSALERT
Sebi rationalises time period for filing settlement applications by entities to 60 days from date of receiving show-cause notice. PTI BEN BAL BAL
NEWSALERT
Sebi board tightens rules for IPO proceed utilisation; extends anchor investors lock-in period to 90 days. PTI BEN SP BAL BAL
GMAC Announces Additional Registration Window for the NMAT by GMAC Exam From January 03, 2022
New Delhi, Delhi, India – Business Wire India The Graduate Management Admission Council™ (GMAC™), administrator of the NMAT by GMAC™ exam and a global association of leading graduate business schools, today announced the additional registration window for the NMAT by GMAC exam starting January 03 until January 09, 2022. It has been GMAC’s singular focus [...]
Torrent Pharma to launch Molnupiravir under Molnutor brand name to treat COVID-19
New Delhi, Dec 28 (PTI) Torrent Pharmaceuticals on Tuesday said it will launch MSD and Ridgeback's molnupiravir under the brand name Molnutor in India for the treatment of COVID-19. Earlier this year, Torrent Pharma inked a non-exclusive voluntary licensing pact with MSD for manufacturing, distribution and marketing of Molnupiravir in more than 100 low-and middle-income [...]
Hindware Launches Aspiro Faucet Range Across Pan India
With HindwareAspiro series, having a premium bathroom now becomes more affordable Delhi, India – Business Wire India Hindware, a leader in complete bathroom solutions, launched the Aspiro series in a never before new unveiling event, held offline & online, reaching out to thousands of dealers in a single day. Dealers from across India joined the [...]
National Nritya Shiromani Award 2022 for Aparna Satheesan
December 28: Aparna Satheesan, the internationally acclaimed Kuchipudi dancer, will be felicitated with the prestigious National Nritya Shiromani Award 2022 in January 2022 for her excellence and contribution in the field of Kuchipudi at a global level, in a 7 day long 13th Cuttack Mahotsav: International Classical & Folk Dance Festival. The event is organized [...]
NEWSALERT
Sebi approves amendments to regulations governing Alternate Investment Funds, Foreign Portfolio Investors. PTI BEN BAL BAL
Rupee jumps 34 paise to close at 74.66 against US dollar
Mumbai, Dec 28 (PTI) Continuing its gain for the ninth trading session in a row, the rupee surged 34 paise to close at 74.66 (provisional) against the US dollar on Tuesday, tracking positive domestic equities amid a rising appetite for high-risk assets.At the interbank forex market, the local unit opened at 74.95 against the greenback [...]
Gold gains Rs 80; silver jumps Rs 580
New Delhi, Dec 28 (PTI) Gold price in the national capital on Tuesday gained Rs 80 to Rs 47,233 per 10 gram in line with recovery in international precious metal prices, according to HDFC Securities.In the previous trade, the yellow metal settled at Rs 47,153 per 10 gram.Silver also jumped Rs 580 to Rs 61,266 [...]
Sensex surges 477 pts, Nifty reclaims 17,200 amid global stocks rally
Mumbai, Dec 28 (PTI) Equity benchmark Sensex rallied 477 points on Tuesday, tracking gains in index heavyweights Reliance Industries, Infosys and HDFC Bank amid a positive trend in global markets. The 30-share index surged 477.24 points or 0.83 per cent to end at 57,897.48. Similarly, the Nifty rose by 147.20 points or 0.86 per cent [...]
SpiceTech develops digital library of documents used by pilots in cockpit
New Delhi, Dec 28 (PTI) SpiceTech, a subsidiary of SpiceJet, on Tuesday said it has developed a digital library of documents used by pilots in the cockpit. The library has been named 'Pilot Docs' and it eliminates the need to carry a large amount of paper manuals on the aircraft, SpiceTech's press release stated. Pilot [...]
METAL PRICES
MUMBAI, DEC 28 (PTI) :- COPPER COPPER CABLE SCRAP 732.00 COPPER HEAVY SCARP 720.00 COPPER ARMATURE (CREDIT) 701.00 COPPER UTENSIL SCRAP 635.00 C.C. ROD 770.00 BRASS BASS SHEET CUTTING 541.00 BRASS UTENSIL SCRAP 478.00 BRASS HONEY 470.00 ALUNINIUM ALU. UTENSIL SCRAP 185.00 ALU. EXT SCRAP 208.00 ALU. INGOTS. 234.00 OTHER GUN METAL SCRAP 520.00 ZINC [...]
Withdraw permissions given to Amazon, Flipkart-Walmart to operate in India, launch CBI probe: SJM
New Delhi, Dec 28 (PTI) The RSS-affiliated Swadeshi Jagran Manch (SJM) has demanded that the government should immediately withdraw permissions given to e-commerce companies Amazon and Flipkart-Walmart to operate in India as they are "blatantly contravening rules". In a resolution passed at its national conclave recently, the outfit also demanded for a CBI probe into [...]
Havmor Ice Cream carts to sell ITC Master Chef Frozen snacks
New Delhi, Dec 28 (PTI) South Korean Lotte Group-owned ice cream brand Havmor on Tuesday said it has entered into a partnership with ITC, following which its ice cream carts will sell Master Chef Frozen snacks of the Kolkata-headquartered firm. The tie-up is part of ITC's new routes-to-market distribution strategy and will enable ITC Master [...]
Sun Pharma gets DCGI nod to market molnupiravir for COVID-19 treatment
New Delhi, Dec 28 (PTI) Sun Pharma on Tuesday said its subsidiary has received emergency use authorisation (EUA) from the Drugs Controller General of India (DCGI) to manufacture and market a generic version of MSD and Ridgeback's antiviral drug molnupiravir under the brand name Molxvir in India. Earlier this year, the Mumbai-based drug major had [...]
Optimus Pharma to launch COVID-19 drug Molnupiravir shortly
Hyderabad, Dec. 28 (PTI): Optimus Pharma on Tuesday said it would be launching its frontline COVID-19 medication Molnupiravir in the Indian market in a day or two, as the drug maker has received permission from the Drug Controller General of India for restricted emergency use for virus. Optimus Pharma in a press release said it [...]
Copper futures decline on tepid spot demand
New Delhi, Dec 28 (PTI) Copper prices on Tuesday fell 0.27 per cent to Rs 752.05 per kg in the futures trade, as participants trimmed their bets amid a weak trend in the domestic market. On the Multi Commodity Exchange, copper for delivery in January was trading lower by Rs 2, or 0.27 per cent, [...]
MUMBAI OILSEEDS PRICES
MUMBAI, DECEMBER 28, (PTI) - OIL SEEDS (per 100 Kgs) Gr. Kernel 6700.00 Gr. Bolds 60/70 8500.00 Gr. Javas 60/70 9300.00 Gr Javas 70/80 9100.00 Gr.Javas 80/90 8900.00 Kardiseed 2pct Crug/Expor Qly 5900.00 Seasameseed Whitish 98/2/FFA/1FM 9700.00 Whitish 95/5/FFA/1FM 9500.00 Brown 48/2 FFA/4 FM 9100.00 Brown 48/3 FFA/4 FM 9000.00 Brown 48/4 FM/* No FFA [...]
Crude oil futures gain on higher demand
New Delhi, Dec 28 (PTI) Crude oil prices on Tuesday rose by Rs 14 to Rs 5,687 per barrel as participants widened their positions on a firm spot demand.On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 14, or 0.25 per cent, to Rs 5,687 per barrel in 8,942 lots.Analysts [...]
KOLKATA BULLION CLOSING
Kolkata, Dec.28(PTI): SILVER RDY. (BAR) : Rs.62,350.00(61,850.00) Per Kg.SILVER RDY.(PORTION) : Rs.62,450.00(61,950.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,900.00(48,850.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,400.00(46,350.00) Per 10 Gms.HALLMARKED GOLD (22-CT) RDY. : Rs.47,100.00(47,050.00) Per 10 Gms. ---- PTI SAM
Provident Palm Vista is Set to Create a Positive Disruption in MMR Architectural Housing Landscape
Mumbai, Maharashtra, India (NewsVoir) • The project has been adjudged as the Thematic Project of the Year 2021 alt Times Real Estate Conclave • Provident Palm Vista is the 1st project of Provident Housing Limited (a 100% subsidiary of Puravankara) in Mumbai Provident Palm Vista, the maiden venture of Provident Housing Limited in Mumbai, has [...]
Nickel futures gain on firm spot demand
New Delhi, Dec 28 (PTI) Nickel prices on Tuesday increased by 0.28 per cent to Rs 1,556.10 per kg in futures trade, as speculators built up fresh positions amid rising demand from alloy makers in the spot market.On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 4.40, or 0.28 per cent, to [...]
Zinc futures down on muted demand
New Delhi, Dec 28 (PTI) Zinc prices on Tuesday fell 0.1 per cent to Rs 290.30 per kg in futures trade, as speculators reduced their exposure on negative cues from the spot market.On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by 30 paise, or 0.1 per cent, to Rs 290.30 per [...]
ICICI Prudential Life Insurance launched new term plan offering 105 pc return
Mumbai, Dec 28 (PTI) ICICI Prudential Life Insurance on Tuesday launched a new term plan offering 105 per cent return of the premium paid at age of 60 or 70 or on policy maturity as the policy auto-adjusts the life cover based on the changing life-stages of the insured. The new policy, ICICI Pru iProtect [...]
Silver futures rise on spot demand
New Delhi, Dec 28 (PTI) Silver prices on Tuesday rose by Rs 202 to Rs 62,503 per kg in futures trade as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 202, or 0.32 per cent, to Rs 62,503 per kg in trading of [...]
CESL distributes 50 lakh bulbs under Gram Ujala
New Delhi, Dec 28 (PTI) State-owned CESL has achieved a milestone of 50 lakh LED bulb distribution under the flagship Gram Ujala programme. Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), has achieved a remarkable milestone of distributing 50 lakh LED bulbs under the Project Crore of their Gram [...]
Annapurna Finance raises Rs 260 cr in latest funding round
New Delhi, Dec 28 (PTI) Odisha-based microfinance lender Annapurna Finance has raised Rs 260 crore (USD 35 million) from a clutch of investors to mainly fund its digital transformation and green financing.Annapurna Finance said the USD 35 million investment from Encourage Capital, Accion, and existing investor Oikocredit is the third fundraising during 2021.After attracting a [...]
Gold futures gain on spot demand
New Delhi, Dec 28 (PTI) Gold prices on Tuesday rose by Rs 128 to Rs 48,194 per 10 gram in futures trade as speculators created fresh positions amid firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 128, or 0.27 per cent, to Rs 48,194 per 10 [...]
Biological E aims to produce 100 Mn doses/month of Corbevax from Feb 2022
Hyderabad, Dec 28 (PTI): Biological E. Limited plans to complete production at a rate of 75 million doses of its COVID-19 vaccine Corbevax per month, anticipating over 100 million doses per month from February 2022 which will enable the city-based company to deliver 300 Million doses as promised to the Centre, BE said on Tuesday. [...]
EVRE partners with Zyngo for parking, charging infrastructure solutions
New Delhi, Dec 28 (PTI) Electric vehicle charging service provider EVRE on Tuesday said it has partnered with EV logistics platform Zyngo for parking and charging infrastructure solutions. Under this partnership, EVRE will offer 5,000 electric vehicle (EV) charging stations across India within the next 24 months, which will be utilised by Zyngo and other [...]
Soybean futures rise on fresh bets
New Delhi, Dec 28 (PTI) Soybean prices on Tuesday moved up by Rs 57 to Rs 6,382 per quintal in futures market as traders created fresh positions tracking positive spot demand.On the National Commodity and Derivatives Exchange, soybean for January delivery rose by Rs 57, or 0.9 per cent, to Rs 6,382 per quintal with [...]
Rising demand lifts refined soya oil futures
New Delhi, Dec 28 (PTI) Refined soya oil prices on Tuesday rose by Rs 5.7 to Rs 1,176 per 10 kg in futures trade as speculators raised their bets.On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by Rs 5.7, or 0.49 per cent, to Rs 1,176 per 10 [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 28 (PTI) Guar seed prices on Tuesday rose by Rs 17 to Rs 6,111 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.On the National Commodity and Derivatives Exchange, guar seed for January contracts increased by Rs 17, or 0.28 per cent, [...]
Sterlite Power acquires Nangalbibra-Bongaigaon transmission project
New Delhi, Dec 28 (PTI) Power transmission infrastructure developer Sterlite Power on Tuesday said it has acquired the Nangalbibra-Bongaigaon inter-state transmission project from PFC Consulting. Nangalbibra-Bongaigaon Transmission Ltd is a Special Purpose Vehicle (SPV). Through this SPV, the company will execute the inter-state transmission system (ISTS) project which it won through tariff-based competitive bidding (TBCB) [...]
EdTech will Continue to Drive New-Age Courses for Upskilling and Reskilling in India: Gaurav Bhatia, CBO, RISE WPU
Pune, Maharashtra, India (NewsVoir) The Indian EdTech sector has continued to thrive in 2021. It has witnessed a phenomenal growth across domains to accelerate learning outcomes, thanks to increased internet and smartphone penetration, a shift toward digital learning, and the need to upskill. According to a report by transaction advisory firm, RBSA Advisors, the Indian [...]
Guar gum futures gain on spot demand
New Delhi, Dec 28 (PTI) Guar gum prices on Tuesday rose by Rs 59 to Rs 11,026 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by Rs 59, 0.54 per cent, to Rs 11,026 per [...]
BGE-VEGETABLES
Bengaluru, Dec 28 (PTI) Following are Tuesday's vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-5000, Brinjal 700-7000, Tomato 450-7000, Bitter Gourd 2500-7000, Bottle Gourd 1800-5000, Ash Gourd 1200-1700, Green Chilly 325-7500, Banana green 1000-3000, Beans 400-7000, Green Ginger 750-4000, Carrot 2000-10000, Cabbage 300-5500, Ladies Finger 350-8000, Snakeguard 2500-4200, Beetroot [...]
Coriander futures rise on spot demand
New Delhi, Dec 28 (PTI) Coriander prices on Tuesday rose by Rs 18 to Rs 8,566 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market.On the National Commodity and Derivatives Exchange, coriander for January delivery gained Rs 18, or 0.21 per cent, to Rs 8,566 per quintal with [...]
Maha Bank, MAS Financial Services enter co-lending pact for MSME borrowers
New Delhi, Dec 28 (PTI) Bank of Maharashtra will tap MSME borrowers through a co-lending arrangement with MAS Financial Services. The bank has entered into a strategic co-lending partnership with MAS Financial Services to offer loans to MSME borrowers under priority sector, Bank of Maharashtra said on Tuesday. This partnership will result in greater expansion [...]
Cipla gets EUA from DCGI to market Molnupiravir for COVID-19 treatment
New Delhi, Dec 28 (PTI) Drug major Cipla on Tuesday said it has received emergency use authorisation (EUA) permission from the Drug Controller General of India (DCGI) to launch antiviral drug Molnupiravir in the country to treat mild-to-moderate COVID-19. The Mumbai-based firm said it plans to launch Molnupiravir under the brand name Cipmolnu. "This launch [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Dec 28 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 22 to Rs 2,935 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in January traded up by Rs 22, or 0.76 per cent, [...]
K N Prasad to takeover as Toyota Kirloskar Auto Parts’ MD
New Delhi, Dec 28 (PTI) Toyota Kirloskar Auto Parts Pvt Ltd (TKAP) on Tuesday announced a top level management change with K N Prasad set to takeover as its managing director.Currently, Prasad is serving as the senior vice president of the company. He will take charge from K G Mohan Kumar after getting appointed by [...]
Begin 2022 with these life-changing books
Chennai, Tamil Nadu, India (NewsVoir) At some point in our journey of life, some of us start questioning the validity of living the way we do. We become aware of being caught up in the cycle of struggle, unhappiness, anxiety, and constant seeking of some end or another, prompting us to seek a different way [...]
Dhaanvi – A First-of-its-kind Farmland Focused on Creating Farm Experiences for Children
Dhaanvi by Hosachiguru is a space designed for children of all ages to engage in activities that bring them closer to nature Bangalore, Karnataka, India (NewsVoir) Hosachiguru, a farm asset management company, has launched ‘Dhaanvi’, a managed farmland that is focused on creating unique farm experiences for children. Located in Yerahalli in Thattiguppe village, a [...]
myBillBook Launches POS Billing, a Complete Billing and Inventory Solution for Retailers and Franchises
POS Billing will be available for all users within myBillBook desktop application Bengaluru, Karnataka, India (NewsVoir) Following the success of its GST Billing & Accounting Software myBillBook, the Bengaluru based fintech FloBiz today has announced the launch of its Point-of-Sale Billing solution for retailers and franchises. The retail industry accounts for 10% of India's GDP. [...]
Covovax approval to strengthen immunization efforts in India, lower & middle income countries: SII
New Delhi, Dec 28 (PTI) Vaccine major Serum Institute of India (SII) on Tuesday said the approval for the COVID-19 vaccine 'Covovax' would strengthen immunization initiatives across India and various lower and middle income countries (LMICs) across the world. "The approval of Covovax by DCGI is a significant milestone in strengthening our immunization efforts across [...]
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